Money

Danier Leather will begin selling off its remaining inventory today at its 76 stores across Canada. The company, which sells leather clothing and accessories, entered insolvency proceedings in February after losing almost $20 million in 2015. “Because of the compelling discounts and highly desirable assortment of merchandise, we expect this will be a short sale,” the companies conducting the shut ... Read More »

A four-bedroom home in Point Grey, with a stunning view of downtown Vancouver and the North Shore mountains, has sold for more than $1 million above its asking price after just a couple days on the market. The 88-year-old home at 4655 Bellevue Drive sold for just over $9 million. It was listed at $7.888 million. Realtor Bo Park said ... Read More »

The Minister of Environment and Climate Change, the Honourable Catherine McKenna, today announced the referral of the environmental assessment of the proposed Amisk Hydroelectric Project in Alberta to an independent review panel. The decision to refer the environmental assessment of the project to a review panel was made after considering its potential to cause significant adverse environmental effects and concerns ... Read More »

Oil futures enjoyed their best one-day rally on Friday. West Texas Intermediate crude jumped more than 12% as a major oil producer again raised the possibility of a coordinated cut in crude output. Despite the gain, oil prices were poised to end the week down with significant losses. But WTI settled up more than 12 percent, for the best one-day ... Read More »

Hasbro and Mattel are in ongoing discussions about a potential merger; one that could create one of the largest toy companies in the world. The companies shares jumped after it was reported Hasbro approached Mattel about a potential transaction late last year, with the companies since holding on-and-off talks about a potential. Read More »

Legalizing marijuana in Canada could create a $10 billion a year industry, according to a new report released by CIBC World Markets. Using Colorado’s legalization experience as a financial model, economists say Canada’s marijuana market could become much larger than earlier predictions of $3 billion annually. Read More »

Alberta suffered its worst year for employment losses since the dark days of the national energy program and early 1980s recession, revised labour figures from Statistics Canada says. The updated figures released Tuesday show the province lost 19,600 jobs in 2015, up from an earlier estimate of 14,600. Read More »

A new report suggests Canadians aren’t investing their hard-earned money. In fact, they’re holding a record $75 billion in extra cash and are saving money at unprecedented rates. The report by CIBC says Canadians are nervous about the markets and the economy. The $75 billion represents nearly 10% of the total value of personal liquid assets nationally. Read More »

One of Canada’s largest telecom companies is cutting 200 jobs, accounting for four per cent of its workforce, according to a memo to staff on Monday. Rogers Media cited reasons including, “significant pressures from a softening advertising market, fierce competition from global players, and shifting audience consumption habits.” Read More »

Canadians are still buying new cars and vegetables even as they become more expensive, supporting the central bank’s view the economy will recover from a commodity crash without further interest-rate cuts. The consumer price index rose 1.6 per cent in December from a year ago following the rate of 1.4 per cent the prior month, Statistics Canada said Friday from ... Read More »

Apache Canada Ltd. is facing charges for a 2014 pipeline spill near Whitecourt, Alta., the energy regulator said Monday. The Alberta Energy Regulator (AER) said there’s a maximum penalty of $2.5 million in relation to five counts for contraventions of the Pipeline Act and the Environmental Protection and Enhancement Act. Read More »

A Vancouver company is revamping its holiday policy, giving their employees unlimited paid vacation. BuildDirect, a Vancouver-based website that sells home improvement and building materials at wholesale prices, unveiled the plan earlier this week. “We ask people to deliver a lot of aggressive results and we feel like that needs to be balanced with taking a break,” said Heidi Rolston, ... Read More »